Global gold demand up 4% in June quarter: World Gold Council

Gold Demand 2024: Demand for gold was estimated at 1,258.2 tonnes in the quarter ended June 30, up about four per cent over the corresponding period a year ago, according to the World Gold Council (WGC).

Spot gold - the international benchmark for gold prices - was last seen trading higher by $6.1 0 - or 0.3 per cent - for the day at $2,389.7 an ounce. 

At the current level, the benchmark has risen about 15.9 per cent so far in 2024. 

Back home, gold futures (August 5) were largely flat at Rs 68,230 while silver futures (September 5) were up 0.6 per cent at Rs 81,800.

A slump in domestic gold and silver prices sent people flocking to jewellery stores over the past few days after the Narendra Modi 3.0 government's first Budget proposed a cut in precious metals from 15 per cent to 6 per cent. 

(This story will be updated shortly)